senate Bill S3060E

2019-2020 Legislative Session

Imposes a tax on the transfer of certain real property within two years of the prior transfer of such property

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Cities Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 14, 2019 print number 3060e
May 14, 2019 amend and recommit to cities
Apr 29, 2019 print number 3060d
Apr 29, 2019 amend and recommit to cities
Apr 17, 2019 print number 3060c
Apr 17, 2019 amend and recommit to cities
Mar 26, 2019 print number 3060b
Mar 26, 2019 amend and recommit to cities
Feb 21, 2019 print number 3060a
Feb 21, 2019 amend and recommit to cities
Feb 01, 2019 referred to cities

S3060 - Details

See Assembly Version of this Bill:
A5375
Current Committee:
Senate Cities
Law Section:
New York City Administrative Code
Laws Affected:
Amd §11-2101, add §11-2120, NYC Ad Cd
Versions Introduced in 2017-2018 Legislative Session:
S6488, A7406

S3060 - Summary

Imposes a tax on the transfer of certain real property within two years of the prior transfer of such property and provides for exemptions from such tax.

S3060 - Sponsor Memo

S3060 - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3060

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                            February 1, 2019
                               ___________

Introduced  by  Sen. SALAZAR -- read twice and ordered printed, and when
  printed to be committed to the Committee on Cities

AN ACT to amend the administrative code of the  city  of  New  York,  in
  relation  to a tax on the transfer of certain real property within two
  years of the prior transfer of such property

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Section 11-2101 of the administrative code of the city of
New York is amended by adding four new subdivisions 19, 20, 21 and 22 to
read as follows:
  19. "PRIOR CONVEYANCE OF THE PROPERTY." THE MOST RECENT CONVEYANCE  OF
THE  REAL  PROPERTY,  WHETHER CONVEYED ON ITS OWN OR AS PART OF A LARGER
CONVEYANCE.
  20. "FAMILY MEMBER."  A  PERSON'S  CHILD,  SPOUSE,  DOMESTIC  PARTNER,
PARENT,  SIBLING, GRANDCHILD OR GRANDPARENT, OR THE CHILD OR PARENT OF A
PERSON'S SPOUSE OR DOMESTIC PARTNER.
  21. "PRINCIPAL PLACE OF RESIDENCE." A PERSON'S  PERMANENT  OR  PRIMARY
HOME  THAT  THE  PERSON OCCUPIES FOR MORE THAN A TEMPORARY OR TRANSITORY
PURPOSE.
  22. "NEW HOUSING." A RESIDENTIAL UNIT OR UNITS THAT DID NOT  EXIST  AT
THE  TIME OF THE PRIOR CONVEYANCE OF THE PROPERTY TO THE EXTENT THAT THE
PROPERTY HAD NO RESIDENTIAL UNITS AT THE TIME OF  THE  PRIOR  CONVEYANCE
AND AT LEAST ONE RESIDENTIAL UNIT WAS SUBSEQUENTLY ADDED.
  §  2.  The  administrative  code of the city of New York is amended by
adding a new section 11-2120 to read as follows:
  § 11-2120 IMPOSITION OF FLIP TAX. A. IN ADDITION TO THE TAX IMPOSED BY
SECTION 11-2102 OF THIS CHAPTER, THERE IS HEREBY IMPOSED ON  EACH  DEED,
INSTRUMENT  OR TRANSACTION AT THE TIME OF THE TRANSFER WHEREBY ANY PROP-
ERTIES OF ONE TO FIVE SEPARATE RESIDENTIAL UNITS ARE  TRANSFERRED  BY  A
GRANTOR  TO  A  GRANTEE, AND SUCH TRANSFER IS MADE WITHIN TWO YEARS FROM

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04848-02-9

S3060A - Details

See Assembly Version of this Bill:
A5375
Current Committee:
Senate Cities
Law Section:
New York City Administrative Code
Laws Affected:
Amd §11-2101, add §11-2120, NYC Ad Cd
Versions Introduced in 2017-2018 Legislative Session:
S6488, A7406

S3060A - Summary

Imposes a tax on the transfer of certain real property within two years of the prior transfer of such property and provides for exemptions from such tax.

S3060A - Sponsor Memo

S3060A - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 3060--A

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                            February 1, 2019
                               ___________

Introduced  by  Sen. SALAZAR -- read twice and ordered printed, and when
  printed to be committed  to  the  Committee  on  Cities  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

AN  ACT  to  amend  the  administrative code of the city of New York, in
  relation to a tax on the transfer of certain real property within  two
  years of the prior transfer of such property

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 11-2101 of the administrative code of the  city  of
New York is amended by adding four new subdivisions 19, 20, 21 and 22 to
read as follows:
  19.  "PRIOR CONVEYANCE OF THE PROPERTY." THE MOST RECENT CONVEYANCE OF
THE REAL PROPERTY, WHETHER CONVEYED ON ITS OWN OR AS PART  OF  A  LARGER
CONVEYANCE.
  20.  "FAMILY  MEMBER."  A  PERSON'S  CHILD,  SPOUSE, DOMESTIC PARTNER,
PARENT, SIBLING, GRANDCHILD OR GRANDPARENT, OR THE CHILD OR PARENT OF  A
PERSON'S SPOUSE OR DOMESTIC PARTNER.
  21.  "PRINCIPAL  PLACE  OF RESIDENCE." A PERSON'S PERMANENT OR PRIMARY
HOME THAT THE PERSON OCCUPIES FOR MORE THAN A  TEMPORARY  OR  TRANSITORY
PURPOSE.
  22.  "NEW  HOUSING." A RESIDENTIAL UNIT OR UNITS THAT DID NOT EXIST AT
THE TIME OF THE PRIOR CONVEYANCE OF THE PROPERTY TO THE EXTENT THAT  THE
PROPERTY  HAD  NO  RESIDENTIAL UNITS AT THE TIME OF THE PRIOR CONVEYANCE
AND AT LEAST ONE RESIDENTIAL UNIT WAS SUBSEQUENTLY ADDED.
  § 2. The administrative code of the city of New  York  is  amended  by
adding a new section 11-2120 to read as follows:
  § 11-2120 IMPOSITION OF FLIP TAX. A. IN ADDITION TO THE TAX IMPOSED BY
SECTION  11-2102  OF THIS CHAPTER, THERE IS HEREBY IMPOSED ON EACH DEED,
INSTRUMENT OR TRANSACTION AT THE TIME OF THE TRANSFER WHEREBY ANY  PROP-
ERTIES  OF  ONE  TO FIVE SEPARATE RESIDENTIAL UNITS ARE TRANSFERRED BY A

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

S3060B - Details

See Assembly Version of this Bill:
A5375
Current Committee:
Senate Cities
Law Section:
New York City Administrative Code
Laws Affected:
Amd §11-2101, add §11-2120, NYC Ad Cd
Versions Introduced in 2017-2018 Legislative Session:
S6488, A7406

S3060B - Summary

Imposes a tax on the transfer of certain real property within two years of the prior transfer of such property and provides for exemptions from such tax.

S3060B - Sponsor Memo

S3060B - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 3060--B

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                            February 1, 2019
                               ___________

Introduced  by  Sen. SALAZAR -- read twice and ordered printed, and when
  printed to be committed  to  the  Committee  on  Cities  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to  said  committee  --  committee  discharged,  bill amended, ordered
  reprinted as amended and recommitted to said committee

AN ACT to amend the administrative code of the  city  of  New  York,  in
  relation  to a tax on the transfer of certain real property within two
  years of the prior transfer of such property

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Section 11-2101 of the administrative code of the city of
New York is amended by adding four new subdivisions 19, 20, 21 and 22 to
read as follows:
  19. "PRIOR CONVEYANCE OF THE PROPERTY." THE MOST RECENT CONVEYANCE  OF
THE  REAL  PROPERTY,  WHETHER CONVEYED ON ITS OWN OR AS PART OF A LARGER
CONVEYANCE.
  20. "FAMILY MEMBER."  A  PERSON'S  CHILD,  SPOUSE,  DOMESTIC  PARTNER,
PARENT,  SIBLING, GRANDCHILD OR GRANDPARENT, OR THE CHILD OR PARENT OF A
PERSON'S SPOUSE OR DOMESTIC PARTNER.
  21. "PRINCIPAL PLACE OF RESIDENCE." A PERSON'S  PERMANENT  OR  PRIMARY
HOME  THAT  THE  PERSON OCCUPIES FOR MORE THAN A TEMPORARY OR TRANSITORY
PURPOSE.
  22. "NEW HOUSING." A RESIDENTIAL UNIT OR UNITS THAT DID NOT  EXIST  AT
THE  TIME OF THE PRIOR CONVEYANCE OF THE PROPERTY TO THE EXTENT THAT THE
PROPERTY HAD NO RESIDENTIAL UNITS AT THE TIME OF  THE  PRIOR  CONVEYANCE
AND AT LEAST ONE RESIDENTIAL UNIT WAS SUBSEQUENTLY ADDED.
  §  2.  The  administrative  code of the city of New York is amended by
adding a new section 11-2120 to read as follows:
  § 11-2120 IMPOSITION OF FLIP TAX. A. IN ADDITION TO THE TAX IMPOSED BY
SECTION 11-2102 OF THIS CHAPTER, THERE IS HEREBY IMPOSED ON  EACH  DEED,
INSTRUMENT  OR TRANSACTION AT THE TIME OF THE TRANSFER WHEREBY ANY PROP-

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

S3060C - Details

See Assembly Version of this Bill:
A5375
Current Committee:
Senate Cities
Law Section:
New York City Administrative Code
Laws Affected:
Amd §11-2101, add §11-2120, NYC Ad Cd
Versions Introduced in 2017-2018 Legislative Session:
S6488, A7406

S3060C - Summary

Imposes a tax on the transfer of certain real property within two years of the prior transfer of such property and provides for exemptions from such tax.

S3060C - Sponsor Memo

S3060C - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 3060--C

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                            February 1, 2019
                               ___________

Introduced  by  Sen. SALAZAR -- read twice and ordered printed, and when
  printed to be committed  to  the  Committee  on  Cities  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to  said  committee  --  committee  discharged,  bill amended, ordered
  reprinted as amended and recommitted to said  committee  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

AN  ACT  to  amend  the  administrative code of the city of New York, in
  relation to a tax on the transfer of certain real property within  two
  years of the prior transfer of such property

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1.  Short title. This act shall be known and may be  cited  as
the "New York city small home anti-speculation act".
  §  2.  Section  11-2101  of the administrative code of the city of New
York is amended by adding five new subdivisions 19, 20, 21, 22 and 23 to
read as follows:
  19. "PRIOR CONVEYANCE OF THE PROPERTY." THE MOST RECENT CONVEYANCE  OF
THE  REAL  PROPERTY,  WHETHER CONVEYED ON ITS OWN OR AS PART OF A LARGER
CONVEYANCE.
  20. "FAMILY MEMBER."  A  PERSON'S  CHILD,  SPOUSE,  DOMESTIC  PARTNER,
PARENT,  SIBLING, GRANDCHILD OR GRANDPARENT, OR THE CHILD OR PARENT OF A
PERSON'S SPOUSE OR DOMESTIC PARTNER.
  21. "NEW HOUSING." A RESIDENTIAL UNIT OR UNITS THAT DID NOT  EXIST  AT
THE  TIME OF THE PRIOR CONVEYANCE OF THE PROPERTY TO THE EXTENT THAT THE
PROPERTY HAD NO RESIDENTIAL UNITS AT THE TIME OF  THE  PRIOR  CONVEYANCE
AND AT LEAST ONE RESIDENTIAL UNIT WAS SUBSEQUENTLY ADDED.
  22.  "QUALIFIED  PERSONS." QUALIFIED PERSONS, AS USED IN THIS CHAPTER,
SHALL NOT INCLUDE BUSINESS TRUSTS, ESTATES,  TRUSTS,  LIMITED  LIABILITY
COMPANIES,  LIMITED LIABILITY PARTNERSHIPS, LIMITED LIABILITY INVESTMENT
COMPANIES, ASSOCIATIONS, JOINT VENTURES, BUSINESS OR NONPROFIT ENTITIES,

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

Co-Sponsors

S3060D - Details

See Assembly Version of this Bill:
A5375
Current Committee:
Senate Cities
Law Section:
New York City Administrative Code
Laws Affected:
Amd §11-2101, add §11-2120, NYC Ad Cd
Versions Introduced in 2017-2018 Legislative Session:
S6488, A7406

S3060D - Summary

Imposes a tax on the transfer of certain real property within two years of the prior transfer of such property and provides for exemptions from such tax.

S3060D - Sponsor Memo

S3060D - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 3060--D

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                            February 1, 2019
                               ___________

Introduced  by  Sen. SALAZAR -- read twice and ordered printed, and when
  printed to be committed  to  the  Committee  on  Cities  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to  said  committee  --  committee  discharged,  bill amended, ordered
  reprinted as amended and recommitted to said  committee  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to  said  committee  --  committee  discharged,  bill amended, ordered
  reprinted as amended and recommitted to said committee

AN ACT to amend the administrative code of the  city  of  New  York,  in
  relation  to a tax on the transfer of certain real property within two
  years of the prior transfer of such property

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.   Short title. This act shall be known and may be cited as
the "New York city small home anti-speculation act".
  § 2. Section 11-2101 of the administrative code of  the  city  of  New
York is amended by adding five new subdivisions 19, 20, 21, 22 and 23 to
read as follows:
  19.  "PRIOR CONVEYANCE OF THE PROPERTY." THE MOST RECENT CONVEYANCE OF
THE REAL PROPERTY, WHETHER CONVEYED ON ITS OWN OR AS PART  OF  A  LARGER
CONVEYANCE.
  20.  "FAMILY  MEMBER."  A  PERSON'S  CHILD,  SPOUSE, DOMESTIC PARTNER,
PARENT, SIBLING, GRANDCHILD OR GRANDPARENT, OR THE CHILD OR PARENT OF  A
PERSON'S SPOUSE OR DOMESTIC PARTNER.
  21.  "NEW  HOUSING." A RESIDENTIAL UNIT OR UNITS THAT DID NOT EXIST AT
THE TIME OF THE PRIOR CONVEYANCE OF THE PROPERTY TO THE EXTENT THAT  THE
PROPERTY  HAD  NO  RESIDENTIAL UNITS AT THE TIME OF THE PRIOR CONVEYANCE
AND AT LEAST ONE RESIDENTIAL UNIT WAS SUBSEQUENTLY ADDED.
  22. "QUALIFIED PERSONS." QUALIFIED PERSONS, AS USED IN  THIS  CHAPTER,
SHALL  NOT  INCLUDE  BUSINESS TRUSTS, ESTATES, TRUSTS, LIMITED LIABILITY
COMPANIES, LIMITED LIABILITY PARTNERSHIPS, LIMITED LIABILITY  INVESTMENT

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

Co-Sponsors

S3060E (ACTIVE) - Details

See Assembly Version of this Bill:
A5375
Current Committee:
Senate Cities
Law Section:
New York City Administrative Code
Laws Affected:
Amd §11-2101, add §11-2120, NYC Ad Cd
Versions Introduced in 2017-2018 Legislative Session:
S6488, A7406

S3060E (ACTIVE) - Summary

Imposes a tax on the transfer of certain real property within two years of the prior transfer of such property and provides for exemptions from such tax.

S3060E (ACTIVE) - Sponsor Memo

S3060E (ACTIVE) - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 3060--E

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                            February 1, 2019
                               ___________

Introduced  by Sens. SALAZAR, BIAGGI, JACKSON, SANDERS -- read twice and
  ordered printed, and when printed to be committed to the Committee  on
  Cities  --  committee  discharged,  bill amended, ordered reprinted as
  amended and recommitted to said  committee  --  committee  discharged,
  bill  amended,  ordered  reprinted  as amended and recommitted to said
  committee -- committee discharged, bill amended, ordered reprinted  as
  amended  and  recommitted  to  said committee -- committee discharged,
  bill amended, ordered reprinted as amended  and  recommitted  to  said
  committee  -- committee discharged, bill amended, ordered reprinted as
  amended and recommitted to said committee

AN ACT to amend the administrative code of the  city  of  New  York,  in
  relation  to a tax on the transfer of certain real property within two
  years of the prior transfer of such property

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Short  title. This act shall be known and may be cited as
the "New York state small home anti-speculation act".
  § 2. Section 11-2101 of the administrative code of  the  city  of  New
York is amended by adding six new subdivisions 19, 20, 21, 22, 23 and 24
to read as follows:
  19.  "PRIOR CONVEYANCE OF THE PROPERTY." THE MOST RECENT CONVEYANCE OF
THE REAL PROPERTY, WHETHER CONVEYED ON ITS OWN OR AS PART  OF  A  LARGER
CONVEYANCE.
  20.  "FAMILY  MEMBER."  A  PERSON'S  CHILD,  SPOUSE, DOMESTIC PARTNER,
PARENT, SIBLING, GRANDCHILD OR GRANDPARENT, OR THE CHILD OR PARENT OF  A
PERSON'S SPOUSE OR DOMESTIC PARTNER.
  21.  "PRINCIPAL  PLACE  OF RESIDENCE." A PERSON'S PERMANENT OR PRIMARY
HOME THAT THE PERSON OCCUPIES FOR MORE THAN A  TEMPORARY  OR  TRANSITORY
PURPOSE.
  22.  "NEW  HOUSING." A RESIDENTIAL UNIT OR UNITS THAT DID NOT EXIST AT
THE TIME OF THE PRIOR CONVEYANCE OF THE PROPERTY TO THE EXTENT THAT  THE

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

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